Friday, October 30, 2020

Angolan banking system is “lacking” in the prevention of money laundering

Angolan banking system is “lacking” in the prevention of money laundering 1
By Olaalpha

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Angolan banking system is “lacking” in the prevention of money laundering 2

Some Angolan banking institutions are still “lacking” in the prevention of money laundering, an official from the National Bank of Angola (BNA) said on Thursday in Luanda. Delmise Florentino, head of the Prevention of Money Laundering division of the BNA, said that in addition to “a lack of statements of origin and destination of funds,” there are “institutions that do not have sufficient mechanisms to assess and monitor client risk.”

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